first effects of sandy show up in the data. carl? >> thank you so much, steve. what could this mean as we head into the election? he had lazear former chairman of the president's council of economic advisers, welcome back. always good to talk to you. >> nice to be with you. thanks for having me. >> krueger says we are creating enough jobs to make up for new entrants. >> well, we are barely. soap i think alan is correct on that. the way i would think of it is this. i agree with steve, this mum is better than the numbers in the past but not a whole lot better. the average number of jobs created since the job market turned around is 140,000 a month. so now and over the past couple of months at about 170,000 so that's better. the key number is the one you just referred to, carl. you have to think about how much do you need to keep employment constant as a proportion of the population. and that number is 119,000 per month. so what this tells you even with these numbers, even at 170,000 a month, we're adding about 50,000 a month. tha